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in control of the house. we are focused on the fiscal cliff and whatever is going to happen with that. logistically, the time of the year. we are talking about months before there is going to be legislation that could be put on the table. what do you think could pully realistically have a chance of passing? >> i'm skeptical like you ever. i hope it plugs the loophole that they get through at the various gun shows. i hope there can be something on magazine clips. the thing i would most like to see is an attempt to do a buy back program back in 1996. if we did that and invested real money, you could -- if we overpaid for the guns we want to get off the street, that's the big problem. anything we do now at the margin will not reduce the stock. that's part of the problem. why not make it a stimulus at the same time we get guns back and reduce the inventory and the chance we will have these beings and firearms. >> it's a clever idea and a clever way to sell it. the basic point there about what a gun buy back program would do, the experience we had with the assault weapons ban is we banned
's going to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were. the democrats want to see them go down and the republicans it appears increasingly clear are not going to vote to change the figure below the $1 million mark that boehner didn't get past the caucus unless they say to their people at home, they voted to lower taxes on all americans. >> peter, that was extraordinary. >> reporter: i tried. >> one of the best on this show. thank you! >> we have also got mike viqueira. mike? a lot of people and myself included believe that the payroll tax cut is the most damaging part of this for the middle class. if we do not extend it $125 billion comes out of
and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white hous
Search Results 0 to 2 of about 3